Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. The fund employs a rules-based strategy that monthly evaluates and rotates among high and low sides of four key factors—momentum, quality, value, and volatility—derived from S&P 500 constituents; it selects the two top-ranked factors based on proprietary risk-adjusted relative strength rules applied to factor pairs, holding approximately 176 large-cap U.S. equities with a focus on financial services, consumer cyclical, healthcare, energy, and technology sectors. With an expense ratio of 0.60%, PALC targets investors seeking capital appreciation through dynamic multi-factor exposure in the large blend category. Launched on June 24, 2020, the ETF is issued by Pacer Funds Trust and managed in partnership with Lunt Capital Management, with headquarters in Malvern, Pennsylvania; it operates primarily in the United States, with total net assets of approximately $285 million as of late 2025. In November 2025, Pacer Financial, the affiliate entity behind the Pacer ETF suite including PALC, formed a strategic partnership with Save to integrate select Pacer ETFs into Save's FDIC-backed cash-management portfolios, enhancing advisor access to principal-protected growth solutions; this follows Pacer's robust 2024 expansion, which included launching 10 new ETFs and growing overall assets under management by over 31% to $46 billion by year-end, alongside European market entry via Cash Cows UCITS products.